I don't know the specifics of the note you were looking at but often BK notes and notes sold to smaller investors / funds don't report.It is also common to see notes for sale where it's already been foreclosed by the first mortgage (so they have nothing to sell).A few months ago I saw one where when you looked at Google Street view, the building had been half destroyed by a fire, yet the "value" was way high.

I live about 50 miles west of Chicago in Yorkville, IL.  

Just picked up a 3/2 brick in Jackson (a town with five colleges) for $5K one mile from the University of Memphis. 

Hello, I am a first time homebuyer looking to finance with either a 203k loan or standard FHA loan I have pretty decent credit but not enough cash down payment for conventional loan which is why I'm going the FHA route..my goal after I receive my preapproval is to buy a foreclosed fixer upper in the price range of 60k-80k(either duplex or single family) and use the 203k to add value i.e add rooms upgrade kitchen etc then after a year of primary residency (required for FHA loans) I plan to rent out the other half (if duplex style) and hopefully create some kind of positive  cash flow after expenses etc.

I resently found a book on her night stand that is almost half way finished it called RICH *****, so I truly believe she is a very determined girl and I think with college or no college she will surpass my husband and I and I hope she does. :)Thank you for your advisewishing you success :)

Just before I moved I purchased one half of a duplex house via an estate sale and flipped it within 30 days.I live outside of Raleigh, NC.

I went to look at it and the rehab was about half what he projected and it would have made for a great deal for me.  

Option 1: Purchase the most house for my money in order to have the most possible equity when the market goes back up and either flip or rent the place using the profit or equity in order to get into a new place (I am somewhat versed in the regulations around using rental income toward purchasing another property and my understanding is that I could count half of the monthly rental price toward my income while the principal of the property still counts toward my debt services ratio) please correct me if I am wrong.

@Chance Housos Either Tarrant County or maybe a 20 mile radius around central arlington.

Hi Tobe,Unfortunately no, my main area of focus is in the seacoast, so I am wholly unfamiliar with the situation in the western half of the state.